http://www.advfn.com/p.php?pid=nmona&article=41623646&epic=KAH
Outstanding Chemical Assay Results from Rssing South
Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration
18 February 2010
Kalahari Minerals plc (`Kalahari')
Outstanding Chemical Assay Results from Rssing South
Kalahari Minerals plc, the AIM listed resource company with uranium, gold and base metal interests in Namibia, is pleased to provide an update, published by Extract Resources Ltd (`Extract' or `the Company'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 40.44% interest, regarding further outstanding chemical assay results from the Rssing South mineralised
system, part of Extract's world-class Husab Uranium Project.
Kalahari Executive Chairman Mark Hohnen said, "These are truly stunning results, with highlights including 146m @ 639ppm and 21m @ 2,003ppm for Zone 1,129m @ 1,415ppm and 99m @1,078ppm for Zone 2. These results reiterate the
quality and global significance of the Husab Uranium Project in Namibia and we are confident that, with the highly active on-going drilling programme on the two zones reported on, which are open down dip and along strike, a resource target in excess of 550Mlbs will easily be achieved.
"There are now 15 rigs on site at Rssing South, with additional rigs being secured to speed the drilling programme, which underpins Extract's commitment to the completion of its pre-feasibility report, and in due course, the development of a mine. We expect that the pre-feasibility report, which is due in June 2010, will indicate production throughput levels higher than the 15Mtpa reported in the scoping study, further reiterating the enormous potential of this project to support one of the world's largest uranium mines."
Regards
Steve
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